cTrader Copy is a feature of the cTrader trading platform that allows traders to copy the trading strategies of other successful traders. This is a form of social trading where less experienced or time-constrained traders can follow and replicate the trades of more experienced traders, also known as strategy providers.
Users can browse through various strategy providers, review their performance, and choose to copy their trades automatically. The copying is proportional to the amount of capital the user allocates.
cTrader Copy offers a high level of transparency, showing detailed statistics of strategy providers, including their profit/loss, risk levels, drawdown, and trading history.
The platform provides detailed performance statistics for each Strategy Provider, including historical returns, drawdown, risk level, and more, helping copy traders make informed decisions.
Trades are executed in real-time, ensuring that copied trades mirror the Strategy Provider’s trades as closely as possible, reducing slippage and discrepancies.
Strategy Providers earn additional income by charging a fee for others to copy their trades and this fee structure can include performance fees, management fees, or volume fees. Successful Strategy Providers can build a reputation within the cTrader Copy community, increasing their potential earnings.
Both copy traders and Strategy Providers have access to risk management tools, such as stop-loss settings, to control potential losses.
Anybody can be a cTrader strategy provider, you will need a track record of your trading success going back 3 or more months. Many strategy providers are manual traders, algorithmic traders or a mixture of the two.
It is also possible to purchase an automated trading system off the shelf that do most of the trading for you. This type of algorithm needs the trader to manage open trades when there are unpredictable market events like a major news release. In addition you will need a robust risk management tool.
You can register to become a Strategy Provider from the accounts list or your account profile. You can find the detailed account/strategy list and page guides here.